Macquarie reiterated their neutral rating on shares of AMC Entertainment (NYSE:AMC - Free Report) in a research report report published on Wednesday morning,Benzinga reports. Macquarie currently has a $4.00 price target on the stock.
AMC has been the topic of several other reports. Benchmark reaffirmed a "hold" rating on shares of AMC Entertainment in a research report on Thursday, November 7th. Roth Mkm raised AMC Entertainment from a "sell" rating to a "neutral" rating and lowered their price target for the company from $4.00 to $3.25 in a research report on Tuesday, February 4th. StockNews.com raised AMC Entertainment to a "sell" rating in a research report on Saturday, February 22nd. Roth Capital set a $3.25 price target on AMC Entertainment in a research report on Tuesday, February 4th. Finally, B. Riley lowered their price target on AMC Entertainment from $8.00 to $6.00 and set a "neutral" rating on the stock in a research report on Thursday, November 7th. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company's stock. Based on data from MarketBeat.com, AMC Entertainment presently has an average rating of "Hold" and an average price target of $4.81.
View Our Latest Stock Report on AMC Entertainment
AMC Entertainment Stock Performance
Shares of NYSE:AMC traded up $0.10 during midday trading on Wednesday, hitting $3.32. The company's stock had a trading volume of 10,785,249 shares, compared to its average volume of 10,865,378. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of -2.06 and a beta of 1.88. The stock's 50 day simple moving average is $3.55 and its 200 day simple moving average is $4.22. AMC Entertainment has a fifty-two week low of $2.38 and a fifty-two week high of $11.88.
Institutional Investors Weigh In On AMC Entertainment
A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in AMC Entertainment by 4.4% during the fourth quarter. Vanguard Group Inc. now owns 36,854,559 shares of the company's stock worth $146,681,000 after buying an additional 1,558,554 shares in the last quarter. Geode Capital Management LLC boosted its holdings in AMC Entertainment by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 8,271,059 shares of the company's stock valued at $32,927,000 after purchasing an additional 223,877 shares in the last quarter. State Street Corp boosted its holdings in AMC Entertainment by 14.6% during the third quarter. State Street Corp now owns 7,353,442 shares of the company's stock valued at $33,458,000 after purchasing an additional 936,618 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in AMC Entertainment by 8.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,032,519 shares of the company's stock valued at $16,049,000 after purchasing an additional 327,019 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in AMC Entertainment by 12.6% during the fourth quarter. Northern Trust Corp now owns 3,318,281 shares of the company's stock valued at $13,207,000 after purchasing an additional 370,408 shares in the last quarter. 28.80% of the stock is owned by institutional investors and hedge funds.
AMC Entertainment Company Profile
(
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AMC Entertainment Holdings, Inc, through its subsidiaries, engages in the theatrical exhibition business. It owns, operates, or has interests in theatres in the United States and Europe. The company was founded in 1920 and is headquartered in Leawood, Kansas.
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